20VC: 70% of Neolabs Will Die | There Will be a $100BN US Open-Source Model | Data is a Trillion $ Market | Governments Cannot Regulate Models: It is Too Late | The Cyber Attacks to Come Will be Insane with Anastasios Angelopoulos @ Arena
episode
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
1h 4m
2 speakers
5 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Really, what happened is that Kimi actually beat all American models, including Fable, in some subset of tasks. I believe that we're going to have at least one multi-hundred-billion, if not trillion-dollar American company focused on American-first open source. Right now, Anthropic has like disgustingly high gross margins in their inference. The idea that we should have a central government body that tells us when it's time to release a new product versus not is crazy to me. This is going to be so fucking insane what happens with like the cyber attacks. There's at least 75 neolabs. For sure, two thirds of those are gonna be worth nothing. Next round's a bitch. They think about data as a commodity, it's really not.
It's actually less so of a commodity than even GPUs. I believe it's gonna be at least $100 billion by 2030, if not a trillion. Silicon Valley investors have become total bitches with respect to revenue concentration. What are you talking about? Like TSMC has revenue concentration.
This is 20 VC with me, Harry Stebbings. Now, Anjani Midha, he's probably one of the smartest dudes in AI. He's a seed investor in Anthropic. And when I asked him, who's the smartest AI mind that you know? And he said, Anastasios Angepaloulis. I got that wrong, but he's Greek. And honestly, I'm too old to care at this point, but he's an awesome dude. And I was like, wow, can I have an intro? And he introduced me. And so I had Anastasios on the show. Anastasios is the founder and CEO of Arena, formerly LM Arena. It allows you to vote on the best models. It's an unbelievable model evaluator. And this turned out to be one of the most fun shows I have done literally in recent memory. He did not give a single shit about upsetting people and was bluntly incredibly articulate, clear, concise and opinionated on the future of Chinese open source models, whether they should be banned, whether export bans on chips are useful.
how we'll see a distribution between frontier and open source models, who really should be the one to evaluate whether a model is vulnerable or not. This and so much more in what was such a fun show with Anastasios. But before we dive into the show today, founders face a different set of challenges at every stage of growth. For Sid Shate, co-founder and CEO of D-Matrix, JP Morgan delivered the guidance and expertise to help navigate what came next. He credits JP Morgan's high-touch approach with supporting D-Matrix as it grew and expanded internationally. Whether you're in the early days or expanding into new markets, JPMorgan helps startups navigate complexity with real confidence, offering personalized guidance and deep sector expertise.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–17:28
2
What is Arena and how does it evaluate AI models in the real world?
17:28–21:10
3
Are open-source Chinese models cannibalizing closed U.S. frontier labs?
21:10–41:30
4
Why has the U.S. open-source model community lagged and can an American open-source champion emerge?
41:30–1:03:33
5
Will banning or restricting Chinese models in the U.S. reduce supply-chain or backdoor risks?
1:03:33–1:04:19
Speakers
2 identifiedMore from The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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